Focus on Canadian Investment Immigration and Canadian Economy: ENN Canada Corp. (a subsidiary of ENN Group) has jointly announced with Ferus Natural Gas Fuels, a private company in Calgary, that it will invest 100 million Canadian dollars to build liquefied natural gas (LNG) processing plants in Vancouver and Edmonton, each with a capacity of approximately 379,000 liters, processing 10 million cubic feet of natural gas per day.
The processing plants will be constructed and operated by Ferus, while ENN will hold a 20% stake in the project and has committed to purchasing a significant amount of its products once the plants are operational. Additionally, both companies are constructing LNG sales stations around the processing plants. Reports indicate that ENN Group has established 14 and 130 LNG sales stations in the United States and China, respectively, making it one of the largest natural gas suppliers in China. Currently, the project is in the site selection phase, with production expected to commence in 2016. The article mentions that the cost of natural gas is 30-40% lower than that of diesel, and manufacturers of large displacement vehicles, such as General Motors, possess the technology to convert fuel to natural gas.
